Atom Investors LP Increases Holdings in JFrog Ltd. (NASDAQ:FROG)

Atom Investors LP grew its position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 57.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,449 shares of the company's stock after buying an additional 24,120 shares during the period. Atom Investors LP owned approximately 0.07% of JFrog worth $1,930,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of FROG. North Peak Capital Management LLC acquired a new stake in JFrog during the third quarter worth approximately $73,417,000. TimesSquare Capital Management LLC raised its stake in JFrog by 114.1% in the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company's stock valued at $88,133,000 after purchasing an additional 1,617,551 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in JFrog during the third quarter worth about $32,401,000. Meitav Investment House Ltd. lifted its stake in shares of JFrog by 4,244.7% in the 2nd quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company's stock valued at $32,903,000 after acquiring an additional 856,451 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of JFrog by 172.5% during the 2nd quarter. American Century Companies Inc. now owns 1,330,034 shares of the company's stock valued at $49,943,000 after acquiring an additional 841,956 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on FROG. Oppenheimer downgraded JFrog from an "outperform" rating to a "market perform" rating in a research report on Thursday, August 8th. Piper Sandler cut their target price on shares of JFrog from $40.00 to $32.00 and set a "neutral" rating on the stock in a research report on Thursday, August 8th. Scotiabank upped their price target on shares of JFrog from $25.00 to $30.00 and gave the company a "sector perform" rating in a research report on Friday, November 8th. Stifel Nicolaus lowered their target price on JFrog from $45.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Finally, Canaccord Genuity Group reduced their price objective on shares of JFrog from $48.00 to $38.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.72.

JFrog Price Performance

FROG stock traded down $0.35 during mid-day trading on Tuesday, reaching $30.46. 255,854 shares of the company traded hands, compared to its average volume of 1,245,883. The firm's 50 day moving average price is $30.08 and its 200 day moving average price is $31.50. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $48.81.

Insider Activity

In other JFrog news, Director Frederic Simon sold 35,000 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $30.86, for a total value of $1,080,100.00. Following the completion of the sale, the director now directly owns 4,514,432 shares of the company's stock, valued at approximately $139,315,371.52. This represents a 0.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ben Haim Shlomi sold 17,775 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $31.93, for a total transaction of $567,555.75. Following the completion of the sale, the chief executive officer now owns 4,957,454 shares of the company's stock, valued at approximately $158,291,506.22. This trade represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,085 shares of company stock worth $4,381,669 over the last 90 days. 15.70% of the stock is currently owned by corporate insiders.

JFrog Company Profile

JFrog Ltd. provides end-to-end hybrid software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages; JFrog Curation that functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, primarily from open source or public repositories; JFrog Xray, which scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Distribution that provides software package distribution.